What Was Behind Microsoft’s Layoffs of Over 20,000 People in the Last Year?

https://twitter.com/TeamBlind/status/1706266044871086271
CULTURE
Issue #364
1 Oct 2023
Fascinating account of big tech scale up in 2021 vs big tech winter in 2022, specifically in the case of Microsoft. Contains themes which resonate for us - new social contract, post pandemic boom, cheap money, hiring frenzy, tech crash, wage suppression and ultimately, mass layoffs. No word on hostile de-globalisation though, which marked the high point and end point of decade long boom years. Unverified but unquestionably interesting.